7344 Forrest AvePennsaukenNJ08110
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Ziffy AI Summary
A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
- Attractive rent-to-price ratio for income stability
- Good fit for DSCR financing with healthy coverage
Investment Highlights
Rental property for sale in Pennsauken at 7344 Forrest Ave, Pennsauken, NJ, 08110 generates $1,036/mo in rent and, after a $636/mo payment, leaves $110/mo in cash flow. Total monthly income is $1,036/mo, and annual cash flow is $1,316/yr on $43,095 invested. Return on cash invested sits at 22.96% in year one, and rental yield is 9.56% on a $130,000 entry. Equity gained on principal adds $839/yr, while 5% annual appreciation builds toward $35,917 over five years. Five-year ROI reaches 120.49% and total cumulative return in cash sums $51,927. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,036/mo property income rather than buyer’s personal income.
Single Family
Built in 1930
2,474 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 08110, Pennsauken, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,087 (100%) |
| Owner Occupied HU | 4,586 (64.7%) |
| Renter Occupied HU | 2,047 (28.9%) |
| Vacant Housing Units | 454 ( 6.4%) |
| Median Home Value | $259,000 |
| Average Home Value | $335,158 |
Housing Distribution
Address Breakdown
Residential
6,834
Single Family
6,578
Multi-Family
256
Businesses
819
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Listed by: Vu Le • Keller Williams Real Estate Tri-County
Mls Name: Bright MLS
Mls ID: #NJCD2105552